About 60% of UPS’s Amazon business is lossmaking. Meanwhile, UPS (NYSE: UPS) one year ago announced an aggressive strategy for network consolidation and automation aimed at improving ...

This change is part of UPS’s “glide down” strategy, which aims to optimise its business model by focusing on more profitable clients and reducing dependence on Amazon. Despite this reduction ...

The deal with FedEx, signed in February, gives Amazon “cost favorability” compared with delivery rival UPS, Business Insider had reported, citing an internal document. The agreement will not replace ...

UPS is cutting 20,000 jobs and slashing Amazon deliveries, raising questions about layoffs, USPS competition, and the future of the economy.

UPS is cutting 20,000 jobs and closing 73 facilities, citing reduced business with Amazon and new tariff risks in its ...

Amazon, and navigating ongoing economic uncertainty, says Reuters. Ahead of Tuesday's market open, UPS shares rose nearly 2% after the company outlined plans to generate $3.5 billion in savings by ...

UPS is holding off on confirming ... Actions like the Amazon wind down “to reconfigure our network and reduce cost across our business could not be timelier,” Tomé said in a statement.

Amazon has reached a multi-year agreement with FedEx to handle residential deliveries of select large packages, the companies ...

Volume declines from Amazon, Temu, and Shein highlight the risk of overdependence on a few large customers and the vulnerability of UPS’s business model to shifts in partner strategies and trade ...

UPS plans to shed about 20,000 front-line positions in 2025 as it manages the decline in unprofitable business from Amazon ...